11th January 2025 – (Hong Kong) A recent transaction in Caribbean Coast’s Tower 10 in Tung Chung revealed that a two-bedroom unit, measuring approximately 563 square feet, was listed by its original owner for HK$6 million before being lowered to HK$5.8 million.
Local first-time buyers have shown keen interest in the property, negotiating the final purchase price down to HK$5.6 million, equating to around HK$9,947 per square foot.
The previous owner, who acquired the unit in May 2005 for approximately HK$2.939 million, capitalised on the earlier low entry price, resulting in a profit of about HK$2.661 million over nearly 20 years. Data indicates that similar mid to high-floor units reached a peak sale price of HK$7.4 million in 2022, reflecting a significant drop of over 24% from this high point.
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